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C h a r t e r e d Ac c o u n t a n t s
CLIENT
YEAR ENDED
SUBJECT
OTHER INCOME
EXPENSES
Audit Fee
Bank Charges
Filing Fee
Secretary Fee
Miscellaneous Expenses
Tax Fee
Service Tax
CLIENT
30/06/2015
RM
1,060
44
150
1,200
691
2,600
426
5,111
NET PROFIT/(LOSS)
(4,050)
ADJUSTMENT
DR
RM
Ref.
-
AJE1
3,600
-
3,600
(3,600)
Ref.
###
411,209
407,158
(3,600)
DATE
PREPARED BY
REVIEWED BY
NT
CR
RM
-
AUDITED
30/06/2015
RM
###
: 1 SEPTEMBER 2015
: AFIQAH
:
AUDITED
30/06/2014
RM
3,561
DIFFERENCE
RM
%
(3,561)
3,600
44
150
1,200
691
2,600
426
3,600
55
300
1,200
830
2,900
486
(11)
(150)
(139)
(300)
(60)
(20)
(50)
(17)
(10)
(12)
8,711
(8,711)
9,371
(4,221)
(2,900)
(45)
50
(5,810)
411,209
402,498
417,019
411,209
(5,810)
(17,153)
(1)
(106)
1,000,000
1,000,000
OTHER
INVESTMENT
130,644
213,920
(83,276)
INVESTMENT
2015
2014
RM
1. Cash flow from operating activities
Profit before taxation
(90,927)
Adjustment for:
Depreciation
Dividend Income
Interest Income
Operating loss before working capital changes
(761)
(299)
(91,987)
23,924
(300)
(68,363)
Interest paid
Net cash from operating activities
(68,363)
83,276
83,276
83,276
761
299
1,060
15,973
52,986
68,959
2015
68,959
68,959
-
OTHER RECEIVABLES
PREPAYMENTS
110,024
133,948
BANK
BALANCES
68,959
52,986
OTHER PAYABLES/
ACCRUALS
(189,345)
(189,645)
(23,924)
15,973
300
(677)
-
SHARE
CAPITAL
(800,000)
(800,000)
(677)
TAXATION
677
23,924
(300)
(15,973)
-
Check
RETAINED
EARNINGS
(319,605)
(411,209)
91,604
(91,604)
(90,927)
(761)
(299)
23,924
(300)
83,276
(761)
(299)
761
299
761
299
(15,973)
-
Client:
Year Ended:
Subject:
INTRODUCTION:
We are required to conduct a statutory audit of SINAR DIAN SDN. BHD. for the year ended 3
incorporated with an authorised capital of RM1,000,000 authorised share capital and paid-up capit
The Company's principal nature of business are information and communication technology servic
changes in the nature of these activities during the year.
The Shareholders of the Company are as follows :
Name of Shareholders
1. Nuruz Zakiah Binti Md Zin
2. United Flagship Sdn. Bhd.
Total
The Directors who serve the Company for the year ended 31st December 2014 are as follows :
1. Nik Aminudin Habil Bin Nek Mat Din
2.Mohd Muazam Bin Abdullah Bukhari
The financial results of the Company for the year are as follows :
Revenue
Less : Cost of Sale
Gross Profit
Add : Other Income
Less : Other Operating Expenses
Profit/(Loss) Before Tax
Less : tax
Loss for The Year
There is no revenue and cost of sale is recognised by Sinar Dian Sdn. Bhd. in current year while the
dividend received cost of RM761 and interest received cost of RM299, and other expenses amount
SIGNIFICANT ACCOUNT AND AUDITING MATTERS
1. CASH AND BANK BALANCES: RM57,846 (2014: RM42,933)
Client:
Sinar Dian Sdn. Bhd.
Year Ended:
6/30/2014
Subject:
Summary Review Memorandum
Cash and bank balances refer to bank balances in Maybank, increased by 74% or RM14,913 due to
Client:
Year Ended:
Subject:
Other Receivables have decrease for current year due to decrease in Ketua Pengarah Hasil Dalam N
the project have been recognised about 26%. Moreover, there is no movement for the amount of U
Anekasaga Resources Sdn Bhd and Pembinaas Sewasa Sdn Bhd . But in the current amount of Ketu
amounting to RM 1,924 is decrease.
Based on audit work done and all information obtained, in our opinion, the financial statement of
ended 30 June 2015 is true and fairly stated and also properly drawn up in accordance with the
(PERS) and Companies Act, 1965 in Malaysia.
Date:
Prepared by:
Reviewed by:
02/9/2015
AFIQAH
SDN. BHD. for the year ended 30 JUNE, 2015. The Company was
ed share capital and paid-up capital RM1,000,000.
communication technology services. There have been no significant
No. of Shares
500,000
500,000
1,000,000
%
50
50
100
2015
RM
1,060
8,711
(7,651)
(7,651)
2014
RM
###
3,561
9,371
(5,810)
###
(5,810)
Difference
RM
%
(2,501)
(660)
-7
(1,841)
32
0
(1,841)
32
Date:
02/9/2015
Prepared by:
AFIQAH
Reviewed by:
reased by 74% or RM14,913 due to increase of amount of bank.
Date:
Prepared by:
Reviewed by:
02/9/2015
AFIQAH
2014: RM133,948)
M189,645)
opinion, the financial statement of Sinar Dian Sdn. Bhd. for the year
drawn up in accordance with the Private Entity Reporting Standard
CLIENT
YEAR ENDED
SUBJECT
1
2
3
4
CLIENT
30/06/2015
RM
1,924
82,101
18,000
8,000
110,024
OBJECTIVE:
1) To ensure the existency of other receivables & prepayment
2) To ensure the other receivables & prepayment are recorded in correct amount, period and accoun
ANALYTICAL REVIEW:
Other receivables & prepayment balance decreased significantly by 93% or RM23,924 due to Tax Re
BASIS
COVERAGE
FINDINGS:
1) Based on our observation, the result from subsequent receipt test, we concluded that Sinar Dian S
2) In the current year, there is a no difference amount of United Flagship Sdn Bhd, Anekasaga Reso
year 2014 due to no adjustment done by client in the previous year.
3) There are significant decreased by 18% or RM23,924 due to balances for Ketua Pengarah Hasil D
4) We have checked due to Ketua Pengarah Hasil Dalam Negeri amounted to RM25,848 decreased
Hasil Dalam Negeri. We had done checked to the, we were satisfied. It is based on the tax invoice
5) The highest other receivable represents by Ketua Pengarah Hasil Dalam Negeri amounted to RM
CONCLUSION
WORK DONE:
Casting Checked
Agreed to General Ledger as at 30/06/2015
Agreed to Last Year Report
DATE
PREPARED BY
REVIEWED BY
REF.
ADJUSTMENT
DR
REF.
RM
-
CR
RM
###
###
-
AUDITED
30/06/2015
RM
1,924
82,101
18,000
8,000
110,024
:1
: AF
:
AUDITED
30/06/2014
RM
25,848
82,101
18,000
8,000
133,948
d account.
to Tax Recoverable of Ketua Pengarah Hasil Dalam Negeri been fully repay the debt to the Sinar Dian Sdn
aga Resources Sdn Bhd and Pembinaan Sewasa Sdn Bhd between during year and previous balance for ye
ecreased significantly compared from last year due to tax refund RM563.59 made by Maybank Banking Be
ax invoice.
ed to RM25,848 (93%), followed by United Flagship Sdn Bhd, Resources Sdn Bhd and Pembinaan Sewasa
: 1 SEPTEMBER 2015
: AFIQAH
DIFFERENCE
RM
(23,924)
(23,924)
%
(93)
(18)
CLIENT
YEAR ENDED
SUBJECT
1
2
3
4
5
CLIENT
30/06/2015
RM
138,515
17,000
30,000
230
185,745
A
REF.
OBJECTIVE:
1) To ensure the existency of Other Payables & Accruals
2) To ensure the Other Payables & Accruals are recorded in correct amount, period and account.
ANALYTICAL REVIEW:
Other Payables & Accruals balances showed a substantial reduction by 0% or RM300 due to Sinar D
BASIS
COVERAGE
FINDINGS:
1) There are significant decreased by 75% or RM189,345 due to Sinar Dian Sdn Bhd the current ye
2) The highest trade payables represents by Dato' Zakhir Siddiqy Bin Sidek amounted to RM138,51
3) In the opening adjustment, there is a difference of RM3,600 for other payables balances betwee
year. However, client unable to identify the amount of RM3,600 from which other payables Thus
CONCLUSION
Based on workdone, I'm of the opinion that the above amount are true
WORK DONE:
Casting Checked
Agreed to General Ledger as at 30/06/2015
Agreed to Last Year Report
DATE
PREPARED BY
REVIEWED BY
ADJUSTMENT
DR
REF.
RM
AJE 1
-
CR
RM
###
###
###
###
3,600
3,600.00
AUDITED
30/06/2015
RM
138,515
17,000
30,000
230
3,600
189,345
: 1 SEPT
:
:
AUDITED
30 /06/2014
RM
138,515
17,000
30,000
530
3,600.00
189,645
d and account.
00 due to Sinar Dian Sdn. Bhd. in the current year compared to last year.
nted to RM138,515 (75%), followed by Arena Antara Sdn.Bhd of RM30,000 (16%) and others amounted to
balances between trial balance for year 2015 and audited report for year 2014 due to no adjustment done
e amount are true and fairly stated excepted for the issues raise in OSM.
: 1 SEPTEMBER 2015
AFIQAH
DIFFERENCE
RM
%
(300)
(300)
(57)
(0)
Date
Prepared by
Reviewed by
RM
+
RM
-
: 18/01/2016
: AFIQAH
:
Tax Reconciliation
25%
RM
(3,016)
(754)
2,200
(816)
550
(204)
Adjustments :
Tax Fee
2,200
2,200
Statutory Income
NIL
Agregate Income
Unabsorbed Business Lossess b/f
Current Year Loss
Absorbed Business Lossess
Unabsorbed Business Lossess c/f
(652,310)
(816)
(651,494)
Chargeable Profit
NIL
NIL
-
204
-
CLIENT
YEAR ENDED
SUBJECT
DATE
PREPARED BY
REVIEWED BY
CLIENT
30/06/2015
RM
Dividend Received
Interest Received
Total
REF.
761.00
299.32
1,060.32
ADJUSTMENT
DR
REF.
RM
-
: 2/09/ 2015
: AFIQAH
:
AUDITED
30/06/2015
RM
CR
RM
-
761.00
299.32
1,060.32
AUDITED
31/12/2014
RM
DIFFERENCE
RM
3,560.66
3,560.66
OBJECTIVE:
1) To ensure the existency of other incomes by Sinar Dian Sdn. Bhd.
2) To ensure the other incomes are recorded in correct amount, period and account.
ANALYTICAL REVIEW:
Other Income balances decreased significantly by 70% or RM2,500.34 due to decreased in daily interest earned by Sinar Dian Sdn. Bhd from CIMB Private Banking
BASIS :
COVERAGE :
FINDINGS:
1) The above amount represent the other income during the year. The main income is derived from the dividend received and interest received from the short term investment CIMB Private Banking.
Test checked has been done to the invoice thus, we were satisfied.
CONCLUSION
Based on workdone, I'm of the opinion that account balance as at 30 JUNE 2015 is/are appeared to be fairly stated
WORK DONE:
Casting Checked
Agreed to General Ledger as at 30/06/2015
Agreed to Last Year Report
761.00
(3,261.34)
(2,500.34)
%
(92)
(70)
CLIENT
YEAR ENDED
SUBJECT
DATE
PREPARED BY
REVIEWED BY
CLIENT
3/6/2015
RM
1
2
3
4
5
6
7
Audit Fee
Bank Chares
Filing Fee
Secretary Fee
Miscellaneous Expenses
Tax Fee
Service Tax
44.00
150.00
1,200.00
691.00
2,600.00
426.00
Total
5,111.00
REF.
AJE1
ADJUSTMENT
DR
REF.
RM
AUDITED
3/6/2015
RM
CR
RM
AUDITED
30/06/2014
RM
3,600.00
55.00
300.00
1,200.00
830.00
2,900.00
486.00
(11.00)
(150.00)
(139.00)
(300.00)
(60.00)
(20)
(50)
(17)
(10)
(12)
3,600.00
8,711.00
9,371.00
(660.00)
(7)
: 74%
FINDINGS:
1) The above are amount of expenses in the year. The highest amount represented by Tax Fee amounted to RM2,600 (50%) and followed by Secretary Fee of RM1,200 (23%).
2) Based on our observation, there are no difference amount for Secretary Fee in the current year compared to last year .
3) Tax Fee amounted to RM2,600 consists cost of tax fee Year Assessment 2014 due to Platinum Tax Consultants Sdn. Bhd. in the year as shown in payment voucer.
4) During the year, Secretary Fee amount amounting to RM1,200 is refers to cost incurred by Mark Corporate Consultancy Sdn Bhd.
WORK DONE:
Casting Checked
Agreed to General Ledger as at 30/06/2015
Agreed to Last Year Report
3,600.00
44.00
150.00
1,200.00
691.00
2,600.00
426.00
Based on workdone, the above amount are true and fairly stated.
RM
ANALYTICAL REVIEW:
Amount of expenses decreases significantly by 7% or RM660 during the year.
CONCLUSION
DIFFERENCE
3,600.00
-
OBJECTIVE:
1) To ensure the existency of expenses Sinar Dian Sdn. Bhd.
2) To ensure the amount expenses are recorded in correct amount, period and account.
BASIS
COVERAGE
: 2/9/ 2015
: AFIQAH
: